FHA Mortgage Insurance Premium to Increase April 5 2010: Wisconsin and Florida

By: Mortgage Madison
Wisconsin and Florida FHA Update
Wisconsin and Florida FHA Update
Feb. 5, 2010 - PRLog -- I thought I would share some recent news concerning the FHA program. Beginning in early April, the upfront mortgage insurance premium (MIP) is being raised from 1.75% of the base loan amount to 2.25%.

If you are considering a purchase or refinance using FHA, now is a good time to start the process and save some money.

The monthly MIP premium is also under consideration by HUD to be raised but nothing has been decided on that as of now. Wisconsin and Florida FHA mortgage rates are still very low at this time but the Fed has stated that it will stop buying mortgage backed securities at the end of March which could cause mortgage rates to rise.

Your local Wisconsin, Minnesota, Illinois and Florida mortgage banker:

Toll Free: 877-240-5810

Visit our blog at https://www.madisonmortgageguys.com/blog/

View current fha mortgage insurance premiums


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Your local Wisconsin, Illinois, Minnesota and Florida mortgage banker. We offer first time home buyer programs, FHA, FHA refinance, FHA 203k rehab loans, VA, VA refinance, jumbo, interest only, refinance, cash out, jumbo va loans, no money down and usda.
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